Bitcoin Bloodbath to End

[Alex Khvatov]

Evidently, the market is looking negatively on Bitcoins and altcoins at this moment. However, that trend is about to come to an end. There are a number of great bullish developments:

REGULATORY

+ Positive G20 Financial Summit stance

+ Chinese regulatory posturing to clarify soon, as Deputy Governor of the People's Bank of China (Fan Yifei) noted

+ Lightning Network and SegWit increase legal recognition of digital currencies

+ Seoul Mayor aiming to launch the capital city's own crypto and establish better environment for blockchain startups

INFRASTRUCTURE

+ CBOE support for Bitcoin ETFs

+ T-Mobile tech support for distributed ledgers

+ Coinbase announcing upcoming support for ERC20 tokens

SOCIAL SENTIMENT

+ MailChimp has clarified that its stance against cryptocurrency ads to not include accounts that disseminate crypto-related information

+ Leading analysts (such as Abra CEO Bill Barhydt, Fundrstrat's Thomas Lee) are bullish about the year end target of $25,000 for BTC

+ Major Polish bank will implement a blockchain document storage system

+ Audi has announced that it is exploring the use of blockchain to enhance its distributional network

+ Morgan Stanley releasing a report and commenting that they are expecting BTC to rise, and this is just a temporary slump

ECONOMIC

+ Analysts predict that institutional investors will capitalize on the temporary slump

Yes - the market is volatile, but we all knew that. I don't think there should be a shadow of a doubt that bitcoin will rise again.

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[Sidiq SP]

hopefully with all the positive news above, can immediately lift the price of bitcoin and altcoin minimum as before and maximum can be higher than the achievement of the end of 2017 ago, I also until now very sure that what is happening now is only temporary, and who be patient and hold the coins in i vestasikan then he is the one who will be lucky, that's my opinion for this

[bitcoinblog]

Speculation market is always like that , people must get themself mold as per the situation.

Bitcoin is designed to use , Use it. Don't stock it.

[flippener]

Some positive thoughts there, thanks.

[Alex Khvatov]

And just to confirm what we're all saying, the BTC markets are facing an uptick as of today! Whether it will continue into the next few days or not doesn't matter, the crypto is here to stay.

[danim1130]

It will rise for sure, in the past few years; bitcoin already in this situation the price gets 500$ below and the prices increases immediately , for sure today also it will. the goodnews above will also help bitcoins to recover from its falling price.

[Xester]

Evidently, the market is looking negatively on Bitcoins and altcoins at this moment. However, that trend is about to come to an end. There are a number of great bullish developments:

REGULATORY

+ Positive G20 Financial Summit stance

+ Chinese regulatory posturing to clarify soon, as Deputy Governor of the People's Bank of China (Fan Yifei) noted

+ Lightning Network and SegWit increase legal recognition of digital currencies

+ Seoul Mayor aiming to launch the capital city's own crypto and establish better environment for blockchain startups

INFRASTRUCTURE

+ CBOE support for Bitcoin ETFs

+ T-Mobile tech support for distributed ledgers

+ Coinbase announcing upcoming support for ERC20 tokens

SOCIAL SENTIMENT

+ MailChimp has clarified that its stance against cryptocurrency ads to not include accounts that disseminate crypto-related information

+ Leading analysts (such as Abra CEO Bill Barhydt, Fundrstrat's Thomas Lee) are bullish about the year end target of $25,000 for BTC

+ Major Polish bank will implement a blockchain document storage system

+ Audi has announced that it is exploring the use of blockchain to enhance its distributional network

+ Morgan Stanley releasing a report and commenting that they are expecting BTC to rise, and this is just a temporary slump

ECONOMIC

+ Analysts predict that institutional investors will capitalize on the temporary slump

Yes - the market is volatile, but we all knew that. I don't think there should be a shadow of a doubt that bitcoin will rise again.

The bitcoin bloodbath has already ended but the problem is with its recovery. If only these kind of news will be spread across the internet and much faster than the negative publications then bitcoin could already started to increase in value. But its just a matter of time that this good news will be passed to other users then surely we just need to wait and hold for the moment.

[seoincorporation]

Those are some good news!!
Firms like Audi thinking seriously about entering into the crypto world can always launch the coin, at least in relation to popularity, which is a great thing!!
Now, to be honest, and, due to Bitcoin recent prices, recent ups and downs, I prefer to stay calm, to observe and to wait, for the market seems to work sometimes in a mysterious way!! Bitcoin is really low today, so I prefer not to deposit hope into the new goods, but stay calm and wait for the market to speak...

[keycellko]

This one's a long list of imptovements right here. I would have to say, if it won't make btc rise, then what will? We just have to hold on to our bitcoins till they all give an impact for it to increase in value. I think this is it, this is what we all have waited for.

[ikramhaider]

Its really good news for all crypto lovers.

[vaughn125]

Well, I sure hope that all these positive insights will really help people to see how great the future of bitcoins will be together with all the other altcoins out there that can be dragged along by bitcoins if ever it rises up again. If this happens, then people would not be worrying too much or even think about selling because of panic due to all the baseless fuds that roam the internet and this forum today. I just hope that people do not only read but also try even harder to understand.

If I had merits, I would've already given you one for this great post.

[papashark]

There is no reason to stay bearish. Get back to Bitcoin you BTC sellers. All news are in favor of Bitcoin. The bounce would be epic. Watch out. The bear whales will be liquidated.

Evidently, the market is looking negatively on Bitcoins and altcoins at this moment. However, that trend is about to come to an end. There are a number of great bullish developments:

REGULATORY

+ Positive G20 Financial Summit stance

+ Chinese regulatory posturing to clarify soon, as Deputy Governor of the People's Bank of China (Fan Yifei) noted

+ Lightning Network and SegWit increase legal recognition of digital currencies

+ Seoul Mayor aiming to launch the capital city's own crypto and establish better environment for blockchain startups

INFRASTRUCTURE

+ CBOE support for Bitcoin ETFs

+ T-Mobile tech support for distributed ledgers

+ Coinbase announcing upcoming support for ERC20 tokens

SOCIAL SENTIMENT

+ MailChimp has clarified that its stance against cryptocurrency ads to not include accounts that disseminate crypto-related information

+ Leading analysts (such as Abra CEO Bill Barhydt, Fundrstrat's Thomas Lee) are bullish about the year end target of $25,000 for BTC

+ Major Polish bank will implement a blockchain document storage system

+ Audi has announced that it is exploring the use of blockchain to enhance its distributional network

+ Morgan Stanley releasing a report and commenting that they are expecting BTC to rise, and this is just a temporary slump

ECONOMIC

+ Analysts predict that institutional investors will capitalize on the temporary slump

Yes - the market is volatile, but we all knew that. I don't think there should be a shadow of a doubt that bitcoin will rise again.

[nambunamba]

yes despite all the news that cause FUD among investors there is good news that would support cryptocurrency development. I do believe somehow this is the best fintech that would be usefull in future and we need to use it to make our live better.

And just to confirm what we're all saying, the BTC markets are facing an uptick as of today! Whether it will continue into the next few days or not doesn't matter, the crypto is here to stay.

yes bitcoin would never die. bitcoin is the mother of all coin that makes every coin in market exist.

[BTC-BTC-BTC]

I hope so it will end the bear market soon. The longer we are at the bear market it will take us longer to recover and break new high. Anyway, I am no plan of selling before and no plan of selling now. It will help speed up the value of cryto currencies in general with shorter bear market. In few years hope we all can look back at price and say it was only 7k.

[Dalkore]

You need to look at the production cost of Bitcoin as a floor that will either result in declining difficulty or a correction above production to maintain some form of margin for the miners.  We have seen it dip under this before when production was at $200 and it went under (about $170) for two weeks and then immediately bounced back up and continued its upward trend.

[jaysabi]

The bitcoin bloodbath has already ended but the problem is with its recovery. If only these kind of news will be spread across the internet and much faster than the negative publications then bitcoin could already started to increase in value. But its just a matter of time that this good news will be passed to other users then surely we just need to wait and hold for the moment.

Any shortsighted review of the price chart could make you think so. Bitcoin has been on a very large, very consistent downward price trend ever since it hit the all time high around $20,000 last year. Every time it bounces off a new recent low, people want to proclaim the bloodbath to be over only for it to soon continue dropping to fresh recent lows. It happened around $12,000, it happened around $10,000. It happened around $9,000, $8,000 and now $7,000. Zoom out a little bit and there's no reason to think it's done now. People have to face the realization that the market was a bubble, the price was out of control and it was not sustainable.

[jimbo2000]

The bitcoin bloodbath has already ended but the problem is with its recovery. If only these kind of news will be spread across the internet and much faster than the negative publications then bitcoin could already started to increase in value. But its just a matter of time that this good news will be passed to other users then surely we just need to wait and hold for the moment.

It's way too soon to say that it's over, the price is still dangerously low. Some of this news is good news, some not all that important. None of it is big enough news to spark a revival in bitcoin prices, if it happens it won't be down to this news but just because people start to realise a bottom has formed and 6-7k is a bargain price.

[worle1bm]

Yes indeed this is a great news that market is recovering but the thing is that we bitcoin community need to get away from all the negativity which is better for all. The prices are going to rise soon but have faith in it.

[tomahawk9]

You posted a lot of positive and bullish news but most of them will have no effect on Bitcoin, only a few can actually work as a trigger to begin the next bull run (which I believe is what most of us have been waiting): Lightning Network, and the G20 crypto regulation in July, the latter can further add legitimacy to cryptocurrencies which will bring a positive light to the crypto market making investors pour a lot of new money into the cryptosphere.

About the current downtrend, I wouldn' call it a " Bitcoin bloodbath" but more like an "altcoin bloodbath" since they're the ones taking a big hit right now. It seems like the market needs a big push to even start the recovery phase.

[Lampaster]

Yes indeed this is a great news that market is recovering but the thing is that we bitcoin community need to get away from all the negativity which is better for all. The prices are going to rise soon but have faith in it.

The real community must always have a common goal. It is impossible to create panic in people United by one goal. Therefore, it seems to me that the price of bitcoin will be such as it should be only after a community of odnodumtsev is really created. Now everyone pulls the blanket to his side. These contradictions do not allow us to upgrade bitcoin and make it easier for the whales to manipulate prices. Soon governments will play on our contradictions and will try to organize regulation of bitcoin. Do you think this will have a positive impact on the price of bitcoins? All our troubles are in ourselves.